To provide a multi-color coating composition from which a coated film that can keep stain resistance even when being exposed to outdoors for a long period of time is obtained.SOLUTION: A multi-color coating composition contains colored gel-like particles (A), an aqueous resin (B) and resin emulsion (C), where the aqueous resin (B) is made of constitutional units derived from a monomer (b1) having a hydrophilic group and an ethylenic unsaturated bond, a monomer (b2) having a crosslinking group and an ethylenic unsaturated bond, and a monomer (b3) having an ethylenic unsaturated bond other than the monomer (b1) and the monomer (b2) and has a weight average molecular weight of 50,000 to 150,000, a ratio of the constitutional unit derived from the monomer (b1) to the total mass of the total constitutional unit in the aqueous resin (B) is 40-95 mass%, a ratio of the constitutional unit derived from the monomer (b2) is 0.01-20 mass%, the resin emulsion (C) has a functional group that can react with a crosslinking group, and a value obtained by dividing the mass of the aqueous resin (B) by the mass of the resin emulsion (C) is 0.03 or more and less than 0.11.SELECTED DRAWING: None
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